share_log

西证国际证券(00812):西证国际投资已与潜在个人买方及潜在买方订立第六份补充谅解备忘录

Western Securities International Securities (00812): Western Securities International Investments has entered into a sixth supplementary memorandum of understanding with potential individual buyers and potential buyers

Zhitong Finance ·  May 31 06:23

According to the Zhitong Finance App, Western Securities International Securities (00812) issued an announcement. According to Western Securities International Investment, on May 31, 2024 (after the trading period), Western Securities International Investment has signed a sixth supplementary memorandum of understanding with potential individual buyers and potential buyers. Under the terms of the sixth Supplementary Memorandum of Understanding:

1. The contracting parties agree to further extend the expiration date from May 31, 2024 to June 30, 2024 (or the relevant earlier date determined unilaterally by Western Securities International Investment in accordance with the terms of negotiations). During the period from May 31, 2024 to June 30, 2024 (or the relevant earlier date determined unilaterally by Western Securities International Investment in accordance with the terms of negotiation), the contracting parties will continue to negotiate potential transactions on a non-exclusive basis. Western Securities International Investment will continue to have the right to discuss and negotiate potential transactions with any third party other than potential buyers and potential individual buyers.

2. The contracting party is aware and acknowledges that under the terms of the third supplementary memorandum of understanding, the total amount of the original goodwill of HK$20,000,000 can still be forfeited to Western Securities International Investment, provided that Western Securities International Investments and the potential individual buyer have not entered into a formal sales agreement for the potential transaction before the end date of the exclusive period (i.e. January 30, 2024). Western Securities International Investment may, at its discretion, continue to defer the exercise of its right to forfeit the original goodwill until (1) June 30, 2024, which is an extension of the expiration date; or (2) the date on which Western Securities International Investments enters into an exclusive agreement or formal sale agreement with any third party other than the potential buyer and potential individual buyer, whichever is earlier.

3. The contracting party further acknowledges and confirms that, in accordance with the terms of the fifth supplementary memorandum of understanding, the fourth installment of the goodwill fund will not be refunded under any circumstances from the date of the fifth supplementary memorandum of understanding, and will be retained by Western Securities International Investment to cover expenses arising from potential transactions in Western Securities International Investment Negotiations.

4. In addition, if (1) the expiration date is extended on June 30, 2024; or (2) if no formal sale agreement has been entered into for the potential transaction before the date of the exclusive agreement or formal sale agreement between Western Securities International Investments and the potential individual buyer (whichever is earlier), then (1) the total amount of the original goodwill amount to HK$20 million will be forfeited immediately; and (2) the fourth goodwill fund will continue to be retained by Western Securities International Investment.

5. The contracting party confirms that if Western Securities International Investment and the potential individual buyer enter into a formal sales agreement for the potential transaction before the extended expiration date, Western Securities International Investment has the right to accept the goodwill fund as part of the purchase and sale transaction price paid by the potential individual buyer to Western Securities International Investment.

6. The contracting party is aware and acknowledges that Western Securities International Investment will continue to have the right to forfeit the goodwill funds regardless of whether a formal sales agreement is concluded with respect to the potential transaction (whether concluded before or after the extended expiration date). Unless otherwise conflicted, any subsequent written agreement between Western Securities International Investment and the potential individual buyer shall not affect the rights and rights of Western Securities International Investment under the Sixth Supplementary Memorandum of Understanding.

7. The contracting party acknowledges and acknowledges that regardless of (1) whether (1) the contracting party continues to negotiate the potential transaction on a non-exclusive basis or (2) whether Western Securities International Investment enters into a formal sales agreement with any third party other than the potential buyer and potential individual buyer in respect of the potential transaction, the right of Western Securities International Investments' right to forfeit the original goodwill money or (where applicable) goodwill money will not be affected under any circumstances.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment